Fountain Report Excerpts October 25, 2022

Fountain Report Excerpts
  1. Registration is open for the next Foundations Training Program, scheduled for Wednesday, November 16. Foundations, from Fountain Report publisher Antelligence, is ideally suited for professionals who have worked in the animal health industry two years or less and for others who could use a more comprehensive understanding of the industry. Past attendees are welcome to join at no charge as part of our rewind program.
  1. Virbac reported third quarter revenue of 304.9 million euros, up 5.8%. Cumulative revenue at the end of September was 921.2 million euros, up 12.7% from last year. Revenue in the companion animal segment rose 14.4% over the nine-month period, driven mainly by growth in the pet food, specialty and dental ranges. The food animal segment posted 12% growth driven by the ruminant sector.
  1. Tractor Supply Company reported third quarter net sales of $3.27 billion, up 8.4% from last year. Comparable store sales increased 5.7%, compared to a 13.1% increase last year. Net income increased 4.3% to $234.1 million, with diluted earnings per share up 7.7% to $2.10. The company expects its recent acquisition of Orscheln Farm and Home to add approximately $75 million to net sales in the fourth quarter and fiscal year 2022.

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